Equity Indices Summary for Jan 14, 2020


Major World Indices Technical Analysis Market Overview Report for Jan 14, 2020 | by Techniquant Editorial Team

Highlights

FTSE closes within previous day's range
DJIA pushes through Monday's high
DAX finds buyers at key support level
NKY closes higher for the 3rd day in a row
HSI dominated by bears dragging the market lower throughout the day
NDX runs into sellers again around 9080.16
SPX closes below its opening price unable to hold early session gains

Summary

With four out of the seven Major World Indices closing higher today, the ones that stand out on the positive side are NKY gaining 0.73% and DJIA closing 0.11% higher. On the flipside the worst performers have been NDX closing -0.41% lower and HSI losing -0.24%.

One of today's most interesting market conditions in the Major World Indices showed up in SPX: Among the three market conditions that our pattern recognition engine identified today, the statistics for the OHLC Patterns based market condition "Bearish Spinning Top" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for S&P 500. Out of 208 times, SPX closed higher 57.21% of the time on the next trading day after the market condition occurred. The optimal exit for swing trading this condition on the long side has been after 10 trading days, showing a win rate of 64.90% with an average market move of 0.44%. Read more

Major World Indices Overviews

FTSE 7,622.40 4.80 (0.06%) Moving higher for the 2nd day in a row, FTSE ended Tuesday at 7622.35 gaining £4.75 (0.06%). Trading up to £28.79 lower after the open, the index managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
DJIA 28,939.67 32.62 (0.11%) Moving higher for the 2nd day in a row, DJIA ended Tuesday at 28939.67 edging higher $32.62 (0.11%). Closing above Monday's high at 28909.91, Dow Indu. confirmed its breakout through the previous session high after trading up to $144.25 above it intraday. Read more
DAX 13,456.49 4.97 (0.04%) DAX ended Tuesday at 13456.49 edging higher €4.97 (0.04%). Trading up to €77.00 lower after the open, the market managed to reverse during the session as bulls took control ending the day above its opening price. The last time this happened on January 6th, DAX gained 0.76% on the following trading day. Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range. Read more
NKY 24,025.17 174.60 (0.73%) Moving higher for the 3rd day in a row, NKY finished Tuesday at 24025.17 gaining ¥174.60 (0.73%). Today's close at 24025.17 marks the highest recorded closing price since December 17, 2019. Read more
HSI 28,885.14 -69.80 (-0.24%) HSI finished Tuesday at 28885.14 losing $69.80 (-0.24%). The bears were in full control today, moving the market lower throughout the whole session. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
NDX 9,033.42 -37.23 (-0.41%) NDX ended Tuesday at 9033.42 losing $37.23 (-0.41%). Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range. Read more
SPX 3,283.15 -4.98 (-0.15%) SPX finished Tuesday at 3283.15 losing $4.98 (-0.15%). Trading $8.90 higher after the open, the stock index was unable to hold its gains as the bears took control ending the day below its opening price. The last time this happened on December 18, 2019, SPX actually gained 0.45% on the following trading day. Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range. Read more

Detailed Reports

Daily technical analysis candlestick chart for Hong Kong Hang Seng Index (HSI) as at Jan 17, 2020
Jan 17, 2020
Daily technical analysis candlestick chart for FTSE 100 Index (FTSE) as at Jan 17, 2020
Jan 17, 2020
Daily technical analysis candlestick chart for Nasdaq 100 Index (NDX) as at Jan 17, 2020
Jan 17, 2020
Daily technical analysis candlestick chart for S&P 500 Index (SPX) as at Jan 17, 2020
Jan 17, 2020
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